Rabigh Refining and Petrochemical Co. (“Petro Rabigh” or “the Company” ) announces the decrease of its accumulated losses to 14.77% of the Share Capital

(ii) The Company reported a net profit for the period ended March 31, 2026 (12/10/1447H) amounting to Saudi Riyals 1,466 million. The net profit was primarily driven by higher refined product pricing during the period, which resulted in an improvement in product margins, supported by improved plant reliability and operational performance, which enabled higher volumes across both refined and petrochemical products. In addition, lower finance charges provided an additional positive impact on the Company’s financial results. The reduction in finance charges was mainly attributable to the early prepayment of long-term borrowings in prior periods, regular periodic debt repayments, and a decline in benchmark interest rates.

Further to the completion of the share capital decrease and considering the positive financial results for the quarter ended March 31, 2026, the Company’s accumulated losses have been reduced to less than 20% of its Share Capital.

Accordingly, and pursuant to Article 132 of the Companies Law and Article (3)(d) of the Procedures and Instructions issued by the Capital Market Authority, the requirements applicable to listed companies whose accumulated losses reach 20% or more of their share capital are no longer applicable to the Company.